Usdcad strong sell over the last few hours in the US session, the price has rotated back to the downside and fell back below its key 200 day moving average at 1.3476. That tilt of the bias more to the downside. He would now take move back above that moving average to switch the bias in favor of the buyers. Absent that, the sellers are more in control with the...
Dxy downtrend The US Dollar Index is slowly but surely advancing higher again with markets digesting the failed ceasefire plan that was put on the table by Hamas. The harsh rhetoric from Prime Minister Benjamin Netanyahu could mean some lingering US Dollar strength in the coming weeks. Meanwhile markets will be looking for next Republican state Caucus elections,
WTICO/USD Short • If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a subsequent impulse back down on the one hour chart followed by a tight two touch fifteen minute flag and then I'll filter the latter on the five minute chart and be looking to get short with either a risk entry within it if the...
Btc buy expected think we are most likely to see a bullish breakout above this triangle, which could send the price higher to reach the next resistance level at $47,507 If this breakout happens later today with a strongly bullish candlestick, it could be an interesting signal at which is enter a new long trade.
breaches the 2024 bottom of 1.0723 (February 6), it may then set sail towards the November 2023 low of 1.0515 (November 1), followed by the weekly low of 1.0495 (October 13, 2023). This would be followed by the 2023 low of 1.0447 (October 3) and the round level of 1.0410. The outlook for the pair is expected to turn bearish if it consistently surpasses the...
Our data shows traders are now net-short NZD/USD for the first time since Jan 16, 2024 when NZD/USD traded near 0.63. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger NZD/USD-bullish contrarian trading bias.soon nzdusd buy
Xauusd uptrend expected soon we see the all time high in gold history get advantage go with buy Gold benefited from falling US yields and rose toward $2,200 on Tuesday. Economists at ANZ Bank analyze the yellow metal’s outlook.
Gbpusd upside, 1.2652 (Fibonacci 23.6% retracement of the latest uptrend) aligns as immediate resistance before 1.2680 (20-day SMA, 50-day SMA) and 1.2710 (psychological level, 200-period SMA on the 4-hour chart). 1.2601 (static level, psychological level) could be seen as interim support before 1.2562 (200-day SMA). A daily close below the latter could attract...
AUD/JPY Long • If price pushes down to and ideally just below our area of value, then regardless of how it does so I'll be waiting for a subsequent impulse back up on the one hour chart followed by a tight two touch fifteen minute flag and then I'll filter the latter on the five minute chart and be looking to get long with either a risk entry within it if the...
GBPNZD formed a cute inverted h&s pattern on a key horizontal support. We see a formation of a bullish imbalance now. The pair will most likely keep growing. Next resistance - 2.075 ❤️Please, support my work with like, thank you!❤️
nzdusd pair faces selling pressure while attempting to extend recovery above the immediate resistance of 0.6071 in the European session. The Kiwi asset has fallen on the back as the broader market mood is downbeat, and investors are rushing back to safe-haven assets.
USDCHF is up for the 3rd day in a row and in doing so, the buyers are taking more control. More specifically, the price is moving above and away from the 38.3% of the move down from the September high. That level comes in at 0.86806 and in trading today, the price stayed above that level at session lows. That shows the buyers want to explore higher, and they have...
Eurusd sell chart the daily swing high around the 1.0760-1.0765 region seems to act as an immediate hurdle ahead of the 1.0800 mark and the 200-day SMA, currently pegged near the 1.0835- 1.0841 zone. That said, a sustained strength beyond the latter might trigger a short-covering rally and allow the EUR/USD pair to reclaim the 1.0910 round figure. Some...
Gbpusd surely Fall soon down on the earth the current short term trend to the upside. If the price were to break below the trendline, we can expect the sellers to pile in already to position for a break below the 1.24 handle and new lower lows. The buyers, on the other hand, should keep on leaning on the trendline to continue targeting the 1.25 resistance
USDCAD 1 hour uptrend On the 1 hour chart, we can see that the price is now right at the resistance. It will be interesting to see what happens here in the US session as a break above the level should see the rally extending to new highs while a strong rejection is likely to take us back to the 1.3850 level
From a technical standpoint, XAU/USD has slipped below its 50-day simple moving average after Monday's pullback, but has managed to hold above horizontal support at $2,007 For sentiment towards the precious metal to improve, this technical floor must hold; if it doesn’t, sellers could become emboldened to initiate an attack on $1,990. On further weakness,...
Btcusd pair has remained in a tight range in the past few days. As a result, the Average True Range (ATR), one of the best measures of inflation, has drifted downwards, signaling that there is no volatility. The Awesome Oscillator has been stuck at the neutral point. Therefore, the outlook for the pair is where the status quo remains in the near term. This means...
Audusd We now see the price coming up to touch a small zone of likely resistance between $0.6530 and $0.6518. This looks very likely to be today’s pivotal point, so if the price can get established above this zone later today, it should have room to rise further. However, I see the better and more likely opportunity as being a short trade from a bearish...